Notification & Circulars

Seeks to amend notification No. 46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions in respect of specified goods when imported from ASEAN under the India-ASEAN Free Trade Agre

Notification No#63/2016 - Customs 31 December 2016

Seeks to amend notification No. 46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions in respect of specified goods when imported from ASEAN under the India-ASEAN Free Trade Agreement w.e.f. 01.01.2017 and to carry out editorial changes as a result of HS 2017 changes ..

Posted in Custom

MVAT - Grant of administrative relief for dealers registered after 25/05/2016

Notification No#38 T of 2016 30 December 2016

Grant of administrative relief for dealers registered after 25/05/2016. Please refer to the attached file for details ..

Posted in VAT | 1 comments

White Label ATM Operators (WLAOs) - Sourcing of cash from retail outlets

Notification No#1621/02.10.002/2016-17 30 December 2016

RBI/2016-17/202 DPSS.CO.PD. No.1621/02.10.002/2016-17 December 30, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / ..

Posted in Community & General | 1 comments

Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- Accounting

Notification No#2103/10.27.00/2016-17 30 December 2016

RBI/2016-17/201 DCM (Plg) No.2103/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director / Chief Executive Officer Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District..

Posted in Community & General

Special measures to incentivise Electronic Payments – Extension of time

Notification No#1669/02.14.006/2016-2017 30 December 2016

RBI/2016-17/203 DPSS.CO.PD.No.1669/02.14.006/2016-2017 December 30, 2016 All Prepaid Payment Instrument Issuers System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam/ Sir, Special measures to incenti..

Posted in Community & General

Notification No. 124/2016, F.No.142/11/2016-TPL / S.O. 4222(E)

Notification No#124/2016 29 December 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 29th December, 2016 NOTIFICATION S.O. 4222(E).- In exercise of the powers conferred by secti..

Posted in Income Tax

MVAT - Conditional exemption of Late fee under section 20(6) of MVAT Act- in respect of return for period ending on or before 31st March 2016

Notification No#VAT. 1516/C.R. 178/Taxation-1 dated 28th December 2016 28 December 2016

FINANCE DEPARTMENT Hutatma Rajguru Chowk, Madam Cama Marg Mantralaya, Mumbai 400 032, dated the 28th December 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT. 1516/C.R. 178/Taxation-1.— In exercise of the powers conferred by the proviso to sub-sec..

Posted in VAT

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax (Amendment) Rules, 2016

Notification No#123/2016 28 December 2016

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th December, 2016 G.S.R. 1180(E).—In exercise of the powers conferred by section 85 read with section 32, section 74 and section 77 of the Black Money (Undisclosed Foreign Income and Assets) and..

Posted in Income Tax

Income-tax (36th Amendment) Rules, 2016

Notification No#122/2016 27 December 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th December, 2016 INCOME-TAX S.O. 4168(E).—In exercise of the powers conferred by sub-section (1) of section 295 of the Incometax Act, 1961 (43 of 1961), ..

Posted in Income Tax

Explanatory notes on provisions of the taxation and investment regime for Pradhan Mantri Garib Kalyan Yojana, 2016 as contained in chapter IX-a of the Finance Act, 2016

Notification No#43/2016 27 December 2016

F.No. 142/33/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Circular No.43 of 2016 Dated: 27th December,2016 EXPLANATORY NOTES ON PROVISIONS OF THE TAXATION AND INVESTMENT REGIME ..

Posted in Income Tax